Bill would revamp tax district law

■ Dissolve existing TIF districts created before 1995 by 2025. Districts could be re-established, but the formula used to collect new revenues would be reset in a way that would essentially mean the district would have to begin rebuilding its revenues.

■ Grant legislative bodies such as city councils and county councils more authority in how TIF revenues are used. Currently, redevelopment commissions control a majority of the spending decisions in most communities.

■ Prohibit the use of TIF revenues to pay for fiber-optic and broadband expenses.

The bill, authored by Pete Miller, a Republican from central Indiana, is headed to a conference committee to work out final changes in the next few days.